![\"\"](\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/cleantech.png\" "\\"Cleantech\\"")
![\"\"](\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/funding.png\" "\\"Funding\\"")
<\/p>\n<\/p>\n
One of Energy Secretary Steven Chu’s early promises upon taking over at the Department of Energy<\/a> a year ago was that he would speed up the award of the loan guarantees.<\/p>\n So far though only one loan guarantee has actually been funded. The guarantee was secured by Solyndra, the California maker of thin-film photovoltaic cells, which scored a $535 million in September<\/a> that it will use in part to finance construction of a new manufacturing facility in California.<\/span><\/p>\n Three renewable energy developers are close to securing funding. They are: Beacon Power, a developer of carbon-fiber flywheel technology,\u00a0 Red River Environmental Products, which develops carbon cutting technology and Nordic Windpower, a maker of low cost two-blade turbines<\/a>.<\/p>\n It seems that more loan guarantees are on their way.<\/p>\n On Thursday, speaking at Retech 2010 in Washington, Doug Schultz, head of the loan-guarantee program at the DOE, said the agency was planning to sign conditional loan guarantees with 10 to 15 additional renewable energy and energy efficiency projects in the next six months, reports Dow Jones News<\/a>.<\/p>\n To fulfill Secretary Chu\u2019s promise and ensure a rapid deployment of the loans, the DOE has contracted a third-party company to administer the program. An announcement on that is expected in the next couple of weeks.<\/p>\n To get a loan guarantee applicants have to first secure a lender that will then apply to the DOE on their behalf.<\/p>\n Separately, Dow Jones, citing unnamed source at the DOE, reports that a second project, a solar-thermal power plant, is very close to securing a loan guarantee.<\/p>\n One of Energy Secretary Steven Chu’s early promises upon taking over at the Department of Energy a year ago was that he would speed up the award of the loan guarantees. So far though only one loan guarantee has actually been funded. The guarantee was secured by Solyndra, the California maker of thin-film photovoltaic cells, […]<\/p>\n","protected":false},"author":2814,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-292855","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/292855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/2814"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=292855"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/292855\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=292855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=292855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=292855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/p>\n","protected":false},"excerpt":{"rendered":"